OnlyFan Invests $20 million in Ethereum but all in loss

OnlyFans’ parent company, Fenix International, has revealed that it purchased nearly $20 million worth of Ethereum (ETH) between 2021 and 2022. However, due to the decline in crypto asset prices, the value of its Ether holdings decreased by $8.5 million by November 2022. As of November 30, 2022, the carrying amount of Fenix International’s ETH […]